US online banking platform Azlo and online small business lender announced the launch of Mission Street Capital, a new program that provides small businesses banking with Azlo access to loans through Kabbage up to $250,000. Azlo focuses on simplifying banking services for businesses and has no physical branches, which allows it to serve small businesses regardless of location, including those in remote and under-served communities. In partnership with Kabbage, Mission Street Capital will provide Azlo customers, including businesses with thin credit files, gig-economy business owners and fast-growing small businesses, a fully digital solution that enables access to working capital whenever and wherever it is needed...Read More
Kabbage, Inc., a cash flow technology and automated lending platform for small businesses, has formed a strategic alliance with New York’s largest contractor association, the Building Trades Employers’ Association (BTEA), to provide access to fast and flexible small business funding for BTEA members through the Kabbage® platform. The alliance will support women and minority-owned business enterprise (WMBE) contractors who often have difficulty accessing the funding required to procure contracts for New York’s largest construction projects...Read More
Loan platform Kabbage — which offers quick assessment and approvals for small business loans using machine learning algorithms that pull data from dozens of sources — has closed another large securitization as it continues to grow its operations. The company said it has closed an asset-backed securitization of $700 million, which it says it the largest transaction of its kind for an online lending platform focused on small businesses...
If you’re like me, you know how annoying it is to have a cashier try to upsell you at the last second in a point of sale. Even if the item would be beneficial to you, the timing might still be off. Sometimes, it just isn’t convenient to inject purchase options when you’ve already made up your mind. FreedomPay looks to help alleviate that feeling while still better utilizing the advertising time and channel provided with DecisionPoint. In short, the DecisionPoint Network is a platform that allows advertisers to buy advertising space from FreedomPay. This would allow paying advertisers to reach millions of consumers on a regular basis in multiple areas. Coupled with the FreedomPay offerings consumers are accustomed to, such as wireless payment conducted with speed and security, a complete payment experience can be had from point of sale through to relevant and targeted marketing practices...Read More